Tuesday, August 3, 2021

Play

Public health experts are concerned many kids have missed important checkups and vaccinations, and a third DC Police officer who responded to the January 6 insurrection takes his own life.

Play

The White House calls for states to rescue renters, Senators dissect a massive infrastructure plan, and both the White House and Congress are losing approval in the eyes of voters.

Tax Reform Seen as Key for Equitable COVID Recovery

Play

Thursday, July 22, 2021   

DENVER - As Congress struggles to pass legislation to boost recovery from the pandemic's economic fallout, tax experts are urging lawmakers to invest in policies that benefit working families by taxing the rich.

Chuck Marr - senior director of federal tax policy at the Center on Budget and Policy Priorities - said expanding access to affordable housing, quality child care and other supports can help families re-enter and remain in the workforce, and begin to close a widening racial wealth gap.

He pointed to recent reports showing that the nation's wealthiest households and corporations pay little or no income tax, the nation's primary tax revenue stream.

"And the idea here is just (to) raise taxes on the wealthiest people in the country," said Marr, "and to use that revenue to improve the economic opportunities and stability of working middle-class families."

Coloradans now seeing hundreds of dollars each month deposited in their bank accounts through the temporary Child Tax Credit, a policy projected to dramatically reduce child poverty, would continue to receive those benefits under proposals making their way through Congress.

Democrats also are pushing to expand access to health care and giving all workers access to paid family leave.

Critics warn that expanding safety-net programs will usher in an age of big government, and some lawmakers say raising taxes would slow economic recovery.

Marr said people have become wise to claims that cutting taxes boosts economic growth, and points to polls showing Americans overwhelmingly support raising taxes on the people who can most afford to pay.

"There's just an absence of evidence that cutting taxes for rich people and large multinational corporations has economic benefits," said Marr. "It's sort of the 'trickle down economics' for the last 40 years, and it failed over and over again."

Marr said tax policy can be crafted to narrow the nation's racial wealth gap, or it can continue to allow wealthy families, which are overwhelmingly white, to pay little or no taxes.

Marr said making investments in programs that help the bottom 60 to 80% of households, where people of color are disproportionately represented, would be a step in the right direction.




get more stories like this via email
The commission charged with drawing Ohio's 99 House and 33 Senate districts meets this week. (Adobe Stock)

Social Issues

COLUMBUS, Ohio -- New congressional and legislative maps will soon start to take shape in Ohio. The Ohio Redistricting Commission convenes for the …


Social Issues

DENVER -- Today marks the day Black women in the U.S. will finally earn as much as a white, non-Hispanic man was paid in 2020. Ashley Panelli…

Environment

CHICAGO -- As Illinois residents get ready for more high temperatures this August, utility watchdogs are urging people to practice energy efficiency …


Chronic wasting disease can be transmitted between deer, along with food and soil contaminated by bodily fluids. (Adobe Stock)

Environment

WARREN, Pa. -- A temporary animal-feeding ban is being proposed for the Allegheny National Forest after a captive deer tested positive for chronic …

Social Issues

LOS ANGELES -- Hunger-fighting advocacy groups are speaking out in California, drawing attention to the continuing problem of food insecurity…

A new report from Georgetown University and the American Academy of Pediatrics recommends a coordinated and far-reaching public health campaign about childhood vaccinations. (Adobe Stock)

Social Issues

SACRAMENTO, Calif. -- Parents are gearing up for their children to return to the classroom for the first time in over a year, and public health …

Environment

LITCHFIELD, N.H. -- A 63-acre parcel of land along the Merrimack River is becoming part of the New Hampshire Agrarian Commons. The property, known as …

Social Issues

RICHMOND, Va. - Virginia's General Assembly Special Session begins today to budget more than $4 billion in federal COVID relief funds, and advocates …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright 2021